merits and demerits of free market economy
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Disadvantages Of A Free Market Economy
Poor Quality.
Since profit maximization is the biggest motivation for firms,
they may try to reduce their costs unethically. ...
Merit Goods.
Goods and services that are not profitable will not be produced or run. ...
Excessive Power of Firms. ...
Unemployment and Inequality
Answered by
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Disadvantages Of A Free Market Economy
Poor Quality. Since profit maximization is the biggest motivation for firms, they may try to reduce their costs unethically.
Merit Goods. Goods and services that are not profitable will not be produced or run.
Excessive Power of Firms.
Unemployment and Inequality.
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